ASEAN KEY DESTINATIONS
Malaysia state bank to comment on outflow
Bank Negara Malaysia will provide specific comments on the news report, that Malaysia is ranked fifth among countries that have the most illicit fund outflows, said Prime Minister Datuk Seri Najib Tun Razak.
"It can be many reasons but let Bank Negara provide more specific comments on that," he told reporters after launching the Dana Belia 1Malaysia here Friday.
Najib, who is also the Finance Minister, was asked to comment on an online news report on illicit money outflows from Malaysia based on a report by US-based financial watchdog, Global Financial Integrity.
The report said the illicit money outflow from Malaysia in 2000 was RM67.7 billion (US$22.2 billion), which eight years later, ballooned to RM208 billion (US$68.2 billion).
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below